cheating so fair in over eleven million cars c.e.o. martin been to korn you can see him here on the left was replaced by the man here on the rides the head of porsche a ts miller now the following here facing pressure from lawsuits the col make up paid out almost fifteen million dollars to cover buybacks and five in the united states finally last year has began to roll precised of that and here you see on the left this is james lee young an engineer who was sentenced to forty eight months in prison for helping to design cheats all three are this man here on the right his name is a liver schmidt he's a manager he got seven years in jail for fraud around the same time other carmakers including already porsche and dying or came under scrutiny that this year just three years into the job. mathias miller on the left and harbor days the man on the right was given the job no official reason was given and they've already bought superstars are now in custody in germany one thing is clear it's far from the end of the road for these ok. and on to a diff

he also has a photo of president xi jinping with former volkswagen c.e.o. martin didn't according. to this resolution was a huge stroke of luck for us. during his visit in germany there was a match between a blood sport used team and the chinese used to use really as a big football fan this was a spoken. sport is even looking toward china in its own stadium in germany it's the only german club that shows perimeter advertising intended for chinese viewers. what. sets your gullet chief's naked eye unit paid off pretty quickly. the first year we had to reach the concept foreign partners and all that but then thankfully it started paying for itself and the what's it i'm going to get. in the football partnership between germany and china billions of euros are at stake and so is politics. but what about football will steffen lot of men and other professional german footballers succeed in helping china one day when the world cup. is the us. maybe one day my great grandsons great grandson will say what your great great great great grandfather kicked off. it would take a while i think. but.

protect protection associations within germany calling first father to resign as with this former c.e.o. martinwinterkorn who was disgraced in the scandal of the question remains how much did you know if he didn't know anything about bodes badly for corporate governance if he did know how much he will fully participate so as usual these will get is a space to watch. because it's been relatively calm about the failed g. seven summit probably investors didn't expect much today. know they didn't and at this point really they're familiar with the back and forth between trump and the rest of the world when it comes to issues of global trade they know that if you take away the angry tweets and the insults to allies the facts on the ground remain pretty much the same and i think more than anything this is what's helping investors retain their call that what they've heard so far from trump is mostly just noise it's also worth pointing out that investors are looking for are looking towards a very market heavy market moving week this week they're obviously looking towards the north korea summit today and

fifteen ports fog and admitted installing emissions cheating software in eleven million cars now c.e.o. martin to corner you can see him here on the last he resigned and was replaced by this man the had a porsche you see him here on the right yes miller the following year facing pressure from also it's become make a paid out almost fifteen billion dollars to cover buybacks and fines in the united states finally last year hands began to roll but not at the top a u.s. court sentenced this man here on the left same is james flying an engineer to fourteen months in prison for helping to design cheat software and this man here on the right or liver schmidt a manager got seven years in jail for fraud around the same time other carmakers including already porsche and honor. under scrutiny then this year just three years into the job w. sacked much yes miller on the left and replaced by this man here on the right that's her birthday's nor official reason was given that all the boss who perched aga are now in custody in germany one thing is clear it's far from the end of the road for days that gate bec

let's talk to someone who's actually doing business under the trump administration martin the reason the c.e.o. of the a.g.c. oh achoo cooperation and i think cultural multinational based in the u.s. state of georgia but you joined us today from a conference in march but off in southern germany you are all regionally from germany you have people citizenship are you glad to be home yeah i really feel good we are very close to the famous. king look great castle fienberg very are funny very very are a beautiful country ok so above from the beautiful landscape back here we're told and looking to the united states now how is donald trump's trade policy impacting your business in georgia well not so much in georgia about all of the business community is very negative about or tekton ism so we'd like neatly to create and that's about be proud to support davis but let me looking at his track record he's he's been in office now for one and a half years and unemployment at least in the united states is down to its lowest level since one thousand nine hundred sixty nine that is impressive is donald trump

c.e.o.'s of lockheed martin and raytheon, two of the top four u.s. defense contractors who were each paid paid -- contractors were each paid over $20 million in total compensation. moreover, more than 90% of the revenues from those cpanies came from defense spending. so they get the bulk of their money that comes from the taxpayers of the united states, and then they pay their c.e.o.'s exorbitant compensation packages. i think the american people might like to know why a defense contractor can pay its c.e.o. 100 times more than the secretary of defense whose salary is capped at $205,000. in my mind, that is a reasonable question. how does the c.e.o. of a defense contractor get 100 times more salary than the secretary of defense? and that is why, mr. president, i have filed an amendment to prohibit defense contractor c.e.o.'s from making more money than the secretary of defense. moreover, mr. president, as the g.a.o. has told us, there assive defense department's acquisition budget that we have got to address. according to the g.a.o., the pentagon's $

c.e.o.'s of lockheed martin and raytheon, two of the top four u.s. defense contractors, were each paid over $20 million in total compensation. moreover, more than 90% of the revenue from those companies came from defense spending. in other words, we have a situation where companies that get almost all of their revenue from defense contracting are paying their c.e.o.'s 100 times more than the secretary of defense gets whose salary is capped at $205,000 a year. that, to me, makes no sense at all, and that is why, madam president, i have filed an amendment to prohibit defense contractor c.e.o.'s from making more money than the secretary of defense. moreover, madam president, as the g.a.o. has told us, there are massive cost overruns in the defense department's acquisition budget that must be addressed. according to the g.a.o., the pentagon's $1.66 trillion acquisition portfolio currently suffers from more than 5 -- $537 million in cost overruns with much of the cost growth taking place after production. in other words, defense contractors say we're goin